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Studio apartment for sale
Thornwood Close, Thurnscoe, Rotherham, South Yorkshire, S63 0LJ
£550,000
Thornwood Close, Thurnscoe, Rotherham, South Yorkshire, S63 0LJ
£550,000
Our Summary
- FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY- Unbroken Freehold Investment - 6 Self Contained Apartments - Reversionary INVESTMENT SUMMARYHigh yielding freehold block of 6 x two-bedroom apartments in a desirable residential area with car parking- Generating a combined rental income of £42,600 per annum providing a low average rent of £592 pcm- Excellent rental growth potential- Potential ERV of £50,400 per annum (£700 pcm per flat) 'as is'- Good standard of accommodation- Spacious, good quality and well-maintained apartments
- EXCELLENT RENTAL GROWTH POTENTIAL WITH POTENTIAL ERV OF £50,400 PER ANNUM (£700 PCM PER FLAT) 'AS IS'
- FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY
Description
This is a freehold apartment block investment opportunity in Thurnscoe, South Yorkshire, comprising six self-contained two-bedroom apartments with designated parking. The property generates a combined rental income of £42,600 per annum, with an average rent of £592 per month, providing a low average rent and excellent rental growth potential. The apartments are in good condition, with spacious living areas, large double bedrooms, and modern bathrooms. The property offers a gross yield of 7.75% and a reversionary yield of 9.16%, making it an attractive investment opportunity. With a guide price of over £550,000, the property presents a chance to purchase a high-yielding investment with potential for future growth.